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Jun 30, 2022
DBV Technologies Q2 2022 Earnings Report
DBV Technologies reported financial results for Q2 2022, closing the quarter with a strong cash balance due to recent offerings and continued budget discipline.
Key Takeaways
DBV Technologies reported a net loss of $23.0 million for the second quarter of 2022, compared to a net loss of $30.7 million for the same period in 2021. The company closed the quarter with $248.0 million in cash and cash equivalents, benefiting from ATM and PIPE offerings. DBV continues its focus on budget discipline, with cash used in operating activities decreasing significantly compared to the previous year.
DBV closed Q2 with a cash balance of $248M following recent ATM and PIPE offerings.
Cash used in operating activities decreased more than 40% between the first half of 2021 and 2022, reflecting budget discipline.
The U.S. District Court granted DBV’s Motion to Dismiss the Third Amended Class Action Complaint with prejudice.
Net loss was $(23.0) million compared to a net loss of $(30.7) million for the comparable period in 2021.
DBV Technologies
DBV Technologies
Forward Guidance
DBV expects that its current cash and cash equivalents will support its operations several months beyond the current projected completion of VITESSE.